Grand Bargain Senate Majority Leader Harry Reid (D-Nevada) gave the first public signal of where the current crisis in Washington is headed – toward the grand bargain. As with trade negotiations or business transactions, deals are more easily done when it is a single undertaking with a myriad of complex and important details. Funding the government and avoiding default are unavoidable. Meanwhile, the President says the Trans-Pacific Partnership (TPP) negotiations will be completed by year's end, but in truth he needs trade promotion authority first. Everyone agrees there needs to be tax reform, and entitlement reform would give markets long-term comfort. Senator Reid hopes for more revenues for the government, which is anathema to the...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
Markets are getting into the Halloween spirit, handing out more tricks than treats. There has been some encouraging news, but it hasn’t been enough to slow the broader slide. Now buyers need to show up with something other than another “Charlie Brown” rock for the bag. Somethi...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.